tax | Business Tips Philippines

List of Local Taxes in the Philippines

November 8, 2012 Vic 2 Comments

There are two basic types of taxes in the Philippines, namely, national and local taxes. National taxes are what we pay to the government through the Bureau of Internal Revenue. This includes income tax, Value Added Tax (VAT), percentage tax, excise tax, estate tax, donor’s tax, … [Read more...]

The Tax Code of the Philippines (National Internal Revenue Code of 1997)

October 25, 2012 Vic 10 Comments

Taxes have already existed since the ancient times. Tax is the lifeblood of nations and governments. Without tax revenues or collections, a democratic republic country like the Philippines will have no money to fund its national expenditures, such as public infrastructures … [Read more...]

Difference between a Sole Proprietorship and a Corporation

October 11, 2012 Vic Leave a Comment

What is the difference between a sole proprietorship and a corporation? When starting a business, it is a common dilemma for aspiring businesspeople and entrepreneurs to choose what type or form of a business they will start. Although a company or business organization can also … [Read more...]

Tax in the Philippines

September 21, 2012 Vic Leave a Comment

The tax system in the Philippines is quite difficult to grasp by small and medium business owners, professionals and other income earners, especially if they don’t have any basic knowledge in accounting and taxation. For big companies and corporations, they have the money to hire … [Read more...]

Tax for Online Traders, Sellers and Professionals

August 15, 2012 Vic 3 Comments

One of the doctrines of taxation is that taxes are the lifeblood of our country. Without tax collection, our government cannot be able to fund our national expenditures, such as the construction of bridges, public schools and hospitals, and the implementation of existing laws and … [Read more...]